The deal, with Norway’s Vianode, is for delivery of a material critical for electric-vehicle batteries.

The synthetic anode graphite will be used by Ultium Cells LLC, GM's JV with LG Energy Solution, to produce next-generation EV batteries and drive units.

Key Takeaways GM reached a deal with EV battery materials company Vianode to supply the automaker with synthetic anode graphite.Anode graphite is the largest material by weight in lithium-ion batteries,

Battery materials company Vianode has secured a deal with General Motors Company (NYSE:GM) to supply high-performance anode graphite solutions. The master supply agreement, which has a multi-billion value for Vianode,

General Motors and Vianode just solidified a multibillion-dollar deal that will push EV battery technology to new heights.

The "multibillion"-dollar deal, according to a news release, covers supply of synthetic anode graphite toward 2033.

General Motors (GM) stock is higher today after inking an electric vehicle (EV) battery supply deal with Vianode

The deal runs from 2027, when Vianode expects to begin producing synthetic graphite at a new North American plant, to 2033, according the companies. The material will be used in battery cells manufactured by the Ultium Cells LLC joint venture between GM and battery supplier LG Energy Solution.

General Motors has signed a multi-year, multi-billion dollar agreement for Norway's Vianode to provide the U.S. automaker with synthetic graphite anode materials for its electric vehicle batteries, the companies said on Wednesday.

General Motors Company (NYSE:GM) announced on Wednesday that it inked a multi-year agreement with Norwegian company Vianode that will run from 2027 until 2033. The multi-billion dollar deal will see Vianode provide GM (NYSE:GM) with synthetic graphite anode materials for its electric vehicle batteries.